Crypto Price Review: Stellar Lumens, Cardano, NEO, EOS and IOTA Try to Stay Relevant



Stellar Lumens (XLM)

At press time, Stellar Lumens is trading for about 22 cents.

Recently, the cryptocurrency venture announced that it would be transferring to a new platform in the coming weeks known as Protocol 10, which is supported by Stellar 10.0.0. The company has published its official migration schedule (which can be viewed here), along with migration rules and a timeline for how long each step will take.

The migration is slated to be finished by late September.

Cardano (ADA)

Cardano is trading for just over ten cents.

ADAUSD: Target hit. Curve pattern supports. Wait for confirmation.

Recently, the CEO of Cardano Charles Hoskinson took part in the Transform Africa Summit of 2018, and mentioned that many of the nation’s countries – particularly Rwanda – can be assisted and bettered through the adoption of blockchain technology.

In a video posted online, Hoskinson explains:

“Colonization was particularly bad for Rwanda. They were colonized first by the Germans, and after World War I, by Belgium, and the consequence of this occupation was that certain powers were elevated to a position where it created destruction and resentment in society… And as generations merge and these disruptions amplified, eventually people wanted to get ethnic revenge… Rwanda is one of the greatest success stories of the 20th and 21st centuries where one of the poorest, most brutalized, humanitarian crisis of all time has turned into one of the fastest growing economies in all of Africa.”

NEO (NEO)

NEO continues to slink deeper into oblivion. Last week, the currency was trading in the $20 range. At press time, it has fallen to just over $18. This was a coin that at one time was trading for over $100, which suggests that the coin has lost nearly 80 percent of its value in recent months.

NEOUSD: NEOUSD

NEO allegedly falls into the same category as many of the world’s primary cryptocurrencies, such as bitcoin, Ethereum and Litecoin. Bitcoin has lost roughly 70 percent of its value since the beginning of the year, falling from $19,000+ to about $6,500 at the time of writing. Ethereum has slumped even further, dropping from $1,400 to about $299, indicating a drop of roughly 80 percent. Litecoin is also suffering greatly, having started the year off at over $300 only to now trade at a mere $59.

EOS (EOS)

EOS is trading at just over five dollars.

EOSUSD: EOS nearing a potential low with the rest of the market

EOS has been the subject of controversy due to accusations that its blockchain is controlled by only a select few. Now, a petition has been introduced that will limit voting power to protect small-time token holders against the influence of whales.

IOTA (MIOTA)

IOTA is trading for just over 50 cents.

IOTAUSD: IOTA/USD - 1H Analysis

Like most major forms of crypto, IOTA’s price has tanked since the beginning of the year, though this is not necessarily because of market trends or corrections. Rather, the price drop is being blamed on IOTA’s alleged refusal to work with security researchers.

Charts by TradingView



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